The interesting thing about interest, is that it acts as our frenemy (friend/enemy). It’s often a major player in wealth building, but also one of the driving forces behind the ‘paycheck-to-paycheck’ lifestyle. It can work for or against you. The choice is yours. To kick things off, I thought I’d start with a chart I’m [...]
saving
I love today’s title because it holds double meaning. I originally meant I save like a G (as in Gangsta). If you didn’t know, I’m the ghettoest (is that a word?) personal finance blogger this side of the Mississippi Milky Way. I love rapping, hip hop music, making beats, and learning about compound interest. If [...]
Seeing that I have already wrote two articles on saving this week, I figure it’s only appropriate to finish the week off with, yet another post, about saving. Consider these three articles the holy trinity of personal finance. Okay, maybe they aren’t that insightful…wait, actually they aren’t really insightful at all. Oh well, I tried [...]
There’s a lot of hype around millionaires. If you read Budgets Are Sexy (which I recommend you do) you’ll see J. Money has a club, “The Million Dollar Club” that is. It’s a club I’m sure many of us hope to one day join. Ya know what though? I gotta keep it real and come [...]
Wanna see something that will make you cringe? It’s a graph of the United States Personal Savings Rate. As of mid 2009, the savings rate had reached a 17 year high (6.9%) as Americans conserved cash due to the declining economy. If the savings rate is at a ‘relatively’ high point, you might be wondering [...]
I was having a conversation with my financial analyst buddy about saving/investing. He’s the person that convinced me to start a Roth IRA and ultimately is responsible for my PF addiction. I wrote a post a couple months back that laid out my retirement game plan. I essentially calculated I should easily be able to [...]
My savings account is with Bank of America. On the main page of the website BoA has a calculator that predicts how much you will have waiting for retirement (after answering a couple quick questions). I pretty much love financial calculators. They help me set up a game plan to reach a goal. ………Awkward Transition……… [...]
